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Five were in and around Chicago.
Chicago is challenging Miami as the country’s most competitive rental market.
But single-asset sales rose 1%.
In fact, rents for March are in positive territory.
The sector struggles to meet demand due to power constraints and supply chain delays.
NAIOP study finds every $1 in construction spending yields $2.95 economic value.
JLL also projects "healthy tenant and robust investor appetite."
Nearly three-quarters of lenders plan to increase their allocations this year.
The results could have big second-degree implications for CRE owners.
There has been a three-fold increase in construction spending on manufacturing since 2021.